The wisdom of owning broad exposure to lithium during a historic lithium bull market is obvious, but this stock in particular is well-positioned for profits ahead.
Astute observers will note the shares appear to be in overbought territory as the relative strength index (RSI) goes, but given that it's more than $10 above its 50-day moving average and nearly $20 above its 200-day, it's likely the trend – the uptrend – will continue for the foreseeable future. If that turns out not to be the case, though, this is definitely one to add to on dips.
Successful Trading is the art of minimizing long term risk and maximizing capital allocation.
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